40-Unit Apartment
7402-7431 Overton Ave Raytown, MO 64133
7402-7431 Overton Ave, Raytown, MO, 64133
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For Sale
Contact for pricing
Pending
Forty-unit multifamily property off Highway 350 with multiple HVAC and roof replacements since 2017.
Property Size40,000 SF
Days on Market56
Property Features for 7402-7431 Overton Ave
General Information
- Standard status
- Pending
- Size
- 40,000 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1965
Listing agency
Peak Real Estate Partners
Listed by
Nick Ambrosio · License #KS 00243389
Source
Crexi
Added: May 27 Updated: Jul 10 at 1:51PM Checked: Jul 21 at 6:51AM
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Investment Insights
Based on property information with market context.
The Overton Apartments is a 40-unit apartment complex in Raytown, Missouri. The property includes unit-level furnaces and HVAC systems, with 14 furnaces and 14 HVAC units replaced since 2019, and multiple roof replacements completed in 2017, 2021, and 2022. Renovations have been completed sporadically over the course of current ownership, leaving room for future value improvements. The existing design features spacious units with exposed brick and balconies.
The community is located right off Highway 350, providing convenient access to Highways 435 and 470. Current occupancy includes two voucher tenants and five mid-term rental tenants, with the remainder operating as market-rate units. The property also has shared laundry facilities.
For buyers and operators, this is a workforce-housing oriented rental property with a meaningful track record of building systems replacements, including HVAC and roof work. The unit sizes and exterior presentation support a tenant-ready product, while the documented history of periodic interior updates indicates there may be opportunities for continued capital planning. The property also has space in the basements that could allow for adding two units per basement, with the tradeoff of removing the on-site laundry facilities.
The community is located right off Highway 350, providing convenient access to Highways 435 and 470. Current occupancy includes two voucher tenants and five mid-term rental tenants, with the remainder operating as market-rate units. The property also has shared laundry facilities.
For buyers and operators, this is a workforce-housing oriented rental property with a meaningful track record of building systems replacements, including HVAC and roof work. The unit sizes and exterior presentation support a tenant-ready product, while the documented history of periodic interior updates indicates there may be opportunities for continued capital planning. The property also has space in the basements that could allow for adding two units per basement, with the tradeoff of removing the on-site laundry facilities.
Key Highlights
- 40‑unit apartment complex in Raytown, MO off Highway 350
- 14 furnaces and 14 HVAC systems replaced since 2019, with most upgrades completed in the last 3 years
- Roof replacements include 1 roof in 2017, 2 roofs in 2021, and the final roof in 2022
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Forty-unit multifamily property off Highway 350 with multiple HVAC and roof replacements since 2017.
Where is this apartment building located?
The property is located at 7402-7431 Overton Ave Raytown, MO.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 40‑unit apartment complex in Raytown, MO off Highway 350; 14 furnaces and 14 HVAC systems replaced since 2019, with most upgrades completed in the last 3 years; Roof replacements include 1 roof in 2017, 2 roofs in 2021, and the final roof in 2022
